Chinese Economy Shows Signs Its Growth Is Slowing. Reuters A textile worker in Huaibei, China, this week.
A recent survey showed a third consecutive month of contraction in the country's manufacturing sector. As the American economy appears to teeter on the edge of another , Europe struggles with a financial crisis and emerging markets like Brazil and India show new weaknesses, China may appear to be in better shape than most countries, economists say. But “better” is relative. Why investors still worry about Europe - Video - Markets. Will Europe trigger another global economic crisis?
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The euro zone debt crisis took another dramatic turn Tuesday as thousands of Italians hit the streets in a general strike, protesting a new round of austerity measures. Europe's woes continue to rile global investors. The Swiss National Bank surprised the markets by setting an exchange rate cap on the soaring franc, which investors have been flocking to as a safe-haven currency. European stock markets, meanwhile, hit their lowest point in two years Tuesday. While Europeans take their August vacations and leaders prevaricate, investors are growing increasingly concerned that the continent’s common currency could collapse, and that one or more countries could default on their debt, leading to another global economic crisis.